Traffic Management System:
The ever-increasing number
of vehicles and the limitations in altering transportation
infrastructure in most metropolitan cities around the world, have led to higher traffic congestion and an increase in
travel time.
The need of the hour is to implement intelligent,
integrated and effective means of managing traffic flow. Devices built
on embedded technology can aid in the development of smarter,
integrated, efficient and inter-connected devices that can pave way to
the development of a Smarter Traffic Management System.
Traffic management is all about smartening the smart roads, highway, and
bridges. This entails providing comprehensive real-time, data-driven
capability for designing and implementing policies and operational
strategies for traffic, public transport, and urban planning.
Difference between traditional traffic management system & Present Technologies in Traffic Management :
The traditional traffic management solutions just reduced time and money
wastage due to congestion while present technologies in Traffic
Management System (TMS) allow the users to plan their journeys in
advance, finding the shortest route in real-time situation provides help
on demand during the journey and reduces the carbon footprint; thus
making commuting a hassle-free and enjoyable experience.
Market Forecast Of Traffic Management System:
The report on Traffic Management provides the competitive landscape of the traffic
management market, providing an in-depth comparative analysis of the
technological and marketing strategies that the key players are adopting
in order to gain an edge over their competitors. The key strategies
followed by most companies in the traffic management market includes new
technology, customized solution and acquiring relatively small domain
expert players.
Some of the major players in this market are Accenture,
Affiliated Computer Services Inc, Alstom SA, Cisco Systems Inc, GE
Transportation, IBM, LG CNS, Schneider Electric, Siemens, and Thales.
The study reports that the traffic management market is expected to grow
from $ 2.58 billion in 2013 to $12.6 billion by 2018, at an estimated
(Compound Annual Growth Rate) CAGR of 37.5% from 2013 to 2018.
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